Listing of Edelweiss' advisory business within 2 years, says Nitin Jain

The NBFC sector is undergoing huge turbulence and policy makers will have to take further steps to tackle the problem, says Nitin Jain, CEO of Global Wealth & Asset Management at Edelweiss Financial Services. In an interview to Samie Modak, Jain spells out plans for the company. Edited excerpts:
1. Kora has invested Rs 525 crore in Edelweiss’ advisory business. How much would the valuation of the advisory vertical be?
The investment is through a compulsorily convertible instrument based on our earnings for FY21. This means the valuation could be from Rs.....